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10 Loom User and Company Facts and Statistics

10 Loom User and Company Facts and Statistics

Loom started its journey in 2015, but its path was never easier. It was about to die, and two weeks before its end, a small light of hope began to show far in the tunnel. Since that day, Loom has increased massively.

It gained lots of attention, especially in 2020, because of the period that brought the whole world together. The blog post covers some of the Loom stats taken from the resources around the web.

Top Loom statistics (favourite)

  • Loom has over 14 million users.
  • Loom was valued at $1.53 billion in 2021.
  • Over 200,000 businesses use Loom.
  • Rippling used Loom to raise $250 million.

1. Over 14 million users

Loom Users from 2015 to 2022
Loom Users from 2015 to 2022

Over 14 million users use Loom to host videos. It started from zero customers to 13,000 in 2015 to 1.8 million in 2020. During the pandemic, over 10 million users joined Loom, making the total users over 14 million.

2. Over 100 million videos hosted

Loom free has a limit of 25 videos per account, but in total, over 100 million videos have been hosted on Loom.

3. Over 200,000 companies

Over 200,000 companies, including Twitter, HubSpot, Netflix, Olympus, and LinkedIn use Loom. The number has increased from 120,000 in 2021.

4. Initial title was Openvid

Its first name was Openvid. The name was changed to Loom on 16 Jan 2017. Shahed Khan, the co-founder of Loom, even posted Openvid on Product Hunt with its mission.

It was not even an async video hosting platform. It was just a simple video sharing service to share videos and get feedback from viewers.

5. About $1.53 billion value in 2021

Loom Valuation in 2016, 2020, and 2021
Loom Valuation in 2016, 2020, and 2021

In May 2021, Loom’s valuation was $1.53 billion. This is a massive jump from only $4.25 million in 2016. Its valuation in 2020 was $325 million.

Related: Loom vs Zoom

6. One of the best Chrome extensions of 2021

Bext Chrome Extensions 2021
Bext Chrome Extensions 2021

Among Mote, Wordtune, Forest, and Stylus, Loom was one of the 13 favourite Chrome extensions in 2021, according to Google Blog. Business Insider also made Loom one of the best Chrome extensions in 2022.

7. 160 staff as of Oct 2021

Loom has over 160 employees, and out of those 160, around 110 were remote employees in 2021, working in different regions. This made Loom one of the best medium-size businesses for remote work in 2021 (Qz stats).

$35 million revenue in 2021

Loom Revenue 2019 to 2021
Loom Revenue 2019 to 2021

Loom’s total revenue in 2021 was $35 million, jumping from $10 million in 2020. This is an increase of 350%. Its revenue in 2019 was about $750,000.

8. Rippling used Loom to raise 250 million in funds

Parker Conrad, the founder of Rippling, used Loom to pitch to investors and land a whopping $250 million in funds at a valuation of $6.5 billion.

Conrad created a 13-page demo and a 39-minute walkthrough video in Loom and sent them to the investors.

9. Over 100,000 app downloads

Loom’s main focus is desktop, but its Android app has over 100,000 downloads with an average used based rating of 3.8. It also has thousands of downloads on the iOS Store with a rating of 4.7.

Related: Loom vs Screencastify

10. Over 10 million monthly visits

According to SimilarWeb, 14.5 million users visited the Loom website in April 2022. This data includes websites, mobile apps, and videos hosted on Loom.

Other stats

Here are some other stats:

  • Between 10,000 and 100,000 people search for Loom on Google every month.
  • The interest in Loom jumped from around 10 in Feb 2020 to over 70 in March 2020.
  • According to the company survey, about 70% of the employees were aged 25 and 34.
  • 75% of the employees were native English speakers.
  • Loom was one of the top 100 cloud services on the Forbes list in 2021.

Sources

Summary

Loom has grown massively. A startup with zero following to over 14 million users in 6 years is a milestone on its own. It has raised millions to improve products and user experience, and it’s still growing to help millions of others.

Thank for reading this Loom statistics report. If anything is missing, please send a message to my email at madhsudhan(@)mksguide.com, and I’ll add it to the list.